Mortgage Morticians and Builder Land Bankers
james armstrong
james36armstrong at hotmail.com
Sun Aug 2 10:44:10 BST 2015
MORTGAGE MORTICIANS and BUILDER land BANKERS .
e mail summary
THEIR LUCRATIVE TRADE –THE CORPSE OF BRITISH HOUSING
James Armstrong July 2015 tel 01305 265510
SIX companies, controls 79% of the
finance for ownership of UK’s
9.2million mortgaged houses. Each
£ multibillion plc is guilty of financial malpractice and has been fined $billions
and or £millions. Individually
they regularly consult with HM Treasury and B of E leaders. Here power, size and evil intent, combine
to act to control the largest UK market – finance for houses- to
suit corporations’ profit goals - denying
peoples’ life, home and family
needs . The result is a
thriving £0.8 tr and rising UK
mortgage market for plc’s , and severe housing stress for people as prices and rents become out-of-reach. Mortgage
income rises as supply fails. In
finance, not in bricks and mortar, resides the source of the endemic crisis and
indicates the direction of the solution. The world financial crash was caused
by mis-selling mortgages by the same six and others.
SEVEN plc housebuilders control surplus plots
for 732,000 unbuilt houses while profiting from increased landvalues more than from building
houses. Other UK landbankers number thousands
-on this ‘small island’-in
truth a massive land area where housing land is artificially restricted.
PART ONE CONTENTS
- Redefining the problem as
‘The Thriving Housing Debt Industry’
not ‘The Broken
Housing Market’
- Revealing the
identity, motivation, wealth and
‘form’ of the prime movers-
which allows them to dictate to successive governments, deter regulato--rs, flaunt competition law and
rig the largest UK market- buying and selling houses – unchallenged.
- The Mortgage Morticians and The Builder landBankers
-Monthly household mortgage
interest-only repayments to 6 plc banks now exceed HMCR
income tax receipts from 21m households.
PART TWO CONTENTS
-Government, Treasury ,
Bank of England and Construction
Industry
complicity . How the
mortgage crisis serves their tangential purposes
- Solutions targeted at the prime movers –the Mortgage Morticians.
- 100 housing non-solutions
which obscure the villains and the prime cause .
- The distorted language of debate, unkept promises.
- THE ACHIEVABLE RESOLUTION OF THE CRISIS
‘Wide choice from a
plentiful supply of well constructed attractive houses at accessible prices and
rents in every area of the country and a mortgage industry with restored integrity.
-------------------------------------------------------
THE IDENTITY AND LACK OF INTEGRITY OF THE MORTGAGE OWNERS.
The largest UK
mortgage lenders are indicted corporate crooks on a Genghis Khan scale . Here lies the motive and the cause of the UK housing crisis .
They incurred $billion /£million fines for dishonesty, also caused the
2009 crash. THE MORTGAGE
OWNERS – 6 GIANT CORPORATIONS -The
mortgage lenders
THE UNEQUAL CONTEST Five of the ‘Big Six’ (and others)- indicted crooks
versus
MORTGAGE OWE-RS, 9 million
people -
some 99% of whom make mortgage repayments on time every month every
year
20 odd UK mortgage lenders own the mortgage debts of some 9.2 million UK householders. The mortgage owners are giant corporations,
legal persons (only) immune from mortality and don’t need houses .
The mortgage owe-rs are
individuals – real people who do need houses –TO LIVE –then die .
This mortgage debt is
valued at £ 0.8 tr.
Compare Britain’s Annual Gross National Product at £1.6trillion – and
the 2015 av. household income of £31,000 after tax
(having just reached pre 2009
levels)The gross profit (the interest generated on these mortgages-debts , over their average life of 25 years
(before fee income is added)
calculated at an av. int rate of 5.5%, is £1.19tr which largely (72%} accrues to six
corporations.
(Pausing to take on the
implications of this concentration of wealth and power-).
Not only do these six
corporations own the debt, but they also have a direct interest in the houses
which we - by
mistaken habits of thought and
language - think we own –call our home.. Typically, it is the mortgage lender who holds the title deeds to our homes. This is registered in
the Land Registry.
Perversely, illogically,
and unnecessarily, they determine who is not to live in these
houses and who may - when
occupier re-payers default.
Here we have it that
six corporations own a share in 6.5million houses BUT
6.5 million householders - people - own a share in one house each
(second house ownership is still a minority case ) and 2
million report they are in housing stress,
while most UK householders
own no houses. Each small enough
to fail not bailed out by HMG..
WHO ARE THESE SIX CORPORATIONS?
And more importantly are
they
bona fides - with an
unblemished record ? By no
means !
MALPRACTICE and FRAUD ON A BREATHTAKING SCALE.
Here are sample fines
which the six largest UK mortgage lenders
incurred
Lloyds plc Fined
£117million 2015 by
FCA for failing to handle PPI
claims properly
Nationwide BS Fined £1million for losing a lap top with customer information
Santander plc Fined £12.5million
by FCA 2015 for poor customer advice
*Barclays plc Fined $2.4bn by US Dept of Justice for manipulating Foreign Exchange
market
HSBC plc Fined $ 1.9bn USA by SEC for
money laundering
Royal Bank of Scotland Fined $5.7bn in USA for rigging Foreign Exchange
market
*Barclays, serial UK offender
with 4 x £mm FCA fines for rigging Libor, Gold , FX and ”reckless” cash calls
2009.
Would Barclays scruple to use market power to
manipulate markets? They regularly confer one-to-one with B of E and HM
Treasury. Barclays is the indicted mortgage provider of 1million
and twelve thousand UK families. !
Mortgage morticians thrive on the corpse of the housing market. Tesco and Virgin joined the body
snatchers in 2012 whiffing the profitable smell of decay.
Disguised as ‘Rogue traders’ (if only), mortgage lenders have incurred
fines on such a scale that people would blush to include on
their c.v.
CORPORATIONS with £BILLION FINES HAVE IMMUNITY.
Corporate FRAUD IS NOT
RECORDED ON THE CRIMINAL RECORDS
OFFICE FILES. MORTGAGE MORTICIANS are
too big for HMG, B of E, CRO to
control.
In Mervyn King’s words, to BBC Today in 2012 , “ We should have shouted
from the rooftops (before 2009) that “a system had been built that banks were too important to
fail.” Eddie George adumbrated the crisis in evidence to Treasury Select Committee. HOW BIG ARE THE SIX MORTGAGE MORTICIANS? Monthly
mortgage interest repayments now
exceed income tax payments. It is these behemoths who inflate
the mortgage market and house
prices -AND The same banks –
MORTGAGE MORTICIANS - cause the 2009 financial collapse by mis-selling ! packages ! of mortgages
! – triple devilment. Read in Part II how the same M M’s caused the financial crash and its ££££bn
cost to the public.
Ironically , the lack of regulation that Mervyn King blames for the
2008 crash was brought about by Maggie Thatcher’s Big Bang of 1986 which in turn was the Stock Exchanges way
of settling an OFT indictment for
‘market manipulation’.
Are you beginning to detect
a gene-pattern of City- bank -
finance malfeasance?
Move to the building sites
to uncover UNLAWFUL LANDBANKING – by Britain’s giant plc house-builders
–market control - to which
regulators turn a blind eye.
GENGIS KHAN , WILLIAM THE
BASTARD, FRANCISCO PIZARRO, CECIL RHODES,
DAVY CROCKETT AND DICK
TURPIN WOULD GASP IN ADMIRATION AT
MRS WIMPEY AND MR PERSIMMON AND THE DREADED BARCLAYS PEACEFULLY holding British people to ransom using
only PLC’S ! JA
(to see full paper . tel 01305 265510 james36armstrong at hotmail.com
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